Business As Usual For The Obama Administration

Posted by Brian
Jamie Gorelick, who may be best known for erecting what came to be known as the "Gorelick Wall", is now on the short list being considered for the top position in the FBI.  This further buttresses my belief that in the Democrat Party, the more your policies fail and the farther you fall, the greater chance you are to get rewarded.
What is the Gorelick Wall?  The "wall" was procedures put into place in which intelligence was compartmentalized.  If information was discovered during the course of a criminal investigation, these procedures limited what could be shared with intelligence personnel within the Justice Department.  It is largely believed to be a contributing factor in the failure of detecting the 9/11 plotters.  One of the great travesties is that Gorelick was then placed on the 9/11 Commission, which investigated the attacks.  What greater way to deflect blame, than by placing the architect of this policy on the committee that would investigate the failures.  She should have been on the other side of the room, being grilled by the Committee, rather than the one doing the grilling.
She is also part of the policy which caused the financial meltdown.  While at Fannie Mae she, along with Franklin Raines, helped pressure lending institutions into making sub prime home loans to people that they knew couldn't afford them.  She and Raines walked away with millions, while Fannie Mae and Freddie Mac were sinking and taking the rest of the financial institutions down with them. For this, Jamie Gorelick may be awarded with the top spot at the FBI.
Business as usual for the Obama Administration.

Former Clinton Official Paid $26 Million by Fannie Mae Before Taxpayer Bailout Now on Obama Shortlist to Run FBI

Wednesday, March 23, 2011
By Chris Neefus

(CNSNews.com) –Jamie Gorelick, a former Clinton administration official who has reportedly made the Obama administration's to become considering the next director of the Federal Bureau of Investigation (FBI), was paid more than $26 million in total compensation as a top executive at Fannie Mae--before taxpayers had to bail out the mortgage giant.

Gorelick, who left the Clinton Justice Department in 1997 to work for Fannie Mae CEO Franklin Raines, was paid $26,466,834 in salary, bonuses, performance pay and stock options from 1998 to 2003, according to the Report of the Special Examination of Fannie Mae (2006), conducted by the Office of Federal Housing Enterprise Oversight.

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